STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,970 shares of the real estate investment trust’s stock after purchasing an additional 1,407 shares during the period. Atomi Financial Group Inc.’s holdings in STAG Industrial were worth $236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in STAG. American Century Companies Inc. boosted its holdings in shares of STAG Industrial by 9.0% during the 2nd quarter. American Century Companies Inc. now owns 65,587 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 5,402 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of STAG Industrial by 12.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,774 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 1,274 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of STAG Industrial during the 2nd quarter worth approximately $4,094,000. Squarepoint Ops LLC acquired a new position in shares of STAG Industrial during the 2nd quarter worth approximately $422,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial during the 2nd quarter valued at approximately $57,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Up 0.2 %

Shares of NYSE STAG opened at $34.34 on Monday. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 34.69 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The business’s 50 day moving average is $34.88 and its two-hundred day moving average is $37.44.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is 149.49%.

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays reduced their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.